Carl Schweihs Acquires 2,500 Shares of TrueBlue, Inc. (NYSE:TBI) Stock

TrueBlue, Inc. (NYSE:TBI) CFO Carl Schweihs acquired 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $5.25 per share, for a total transaction of $13,125.00. Following the purchase, the chief financial officer now owns 169,051 shares of the company’s stock, valued at $887,517.75. This trade represents a 1.50 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Carl Schweihs also recently made the following trade(s):

• On Monday, February 24th, Carl Schweihs purchased 10,000 shares of TrueBlue stock. The stock was purchased at an average price of $6.25 per share, for a total transaction of $62,500.00.

TrueBlue Trading Up 7.1 %

TrueBlue stock opened at $5.85 on Friday. The firm has a 50 day simple moving average of $7.09 and a 200-day simple moving average of $7.52. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The stock has a market capitalization of $173.64 million, a PE ratio of -1.41, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. TrueBlue, Inc. has a 12-month low of $5.19 and a 12-month high of $12.66.

TrueBlue (NYSE:TBI) last issued its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $385.95 million during the quarter, compared to analysts’ expectations of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. As a group, equities research analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Institutional Trading of TrueBlue

A number of large investors have recently added to or reduced their stakes in TBI. Royce & Associates LP boosted its holdings in TrueBlue by 40.8% during the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider’s stock worth $12,795,000 after buying an additional 441,108 shares in the last quarter. Nuveen Asset Management LLC boosted its stake in TrueBlue by 262.7% in the 4th quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock worth $4,713,000 after purchasing an additional 406,405 shares during the period. RBF Capital LLC boosted its stake in TrueBlue by 852.8% in the 4th quarter. RBF Capital LLC now owns 381,136 shares of the business services provider’s stock worth $3,202,000 after purchasing an additional 341,136 shares during the period. Advantage Alpha Capital Partners LP acquired a new position in TrueBlue in the 4th quarter worth approximately $1,980,000. Finally, FMR LLC boosted its stake in TrueBlue by 10.0% in the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after purchasing an additional 158,967 shares during the period. 97.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd.

About TrueBlue

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.